Brokerages Set LendingTree, Inc. (NASDAQ:TREE) Price Target at $65.38

LendingTree, Inc. (NASDAQ:TREE) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $72.8571.

A number of brokerages have issued reports on TREE. Zacks Research cut shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Truist Financial set a $62.00 price objective on shares of LendingTree and gave the stock a “buy” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. lifted their price objective on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday. Needham & Company LLC upped their target price on LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Oppenheimer set a $85.00 target price on LendingTree and gave the company an “outperform” rating in a report on Friday.

Insider Activity at LendingTree

In other LendingTree news, Director Diego A. Rodriguez sold 1,200 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $69.78, for a total value of $83,736.00. Following the transaction, the director directly owned 8,113 shares in the company, valued at approximately $566,125.14. This represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Bengel sold 6,469 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.86, for a total transaction of $445,455.34. Following the sale, the chief financial officer directly owned 6,517 shares in the company, valued at $448,760.62. This represents a 49.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,669 shares of company stock valued at $598,331 over the last quarter. Insiders own 23.10% of the company’s stock.

Hedge Funds Weigh In On LendingTree

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in LendingTree by 68.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,921 shares of the financial services provider’s stock worth $298,000 after acquiring an additional 2,397 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of LendingTree by 4,926.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,217 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in shares of LendingTree by 3.7% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 249,505 shares of the financial services provider’s stock valued at $12,543,000 after purchasing an additional 9,007 shares during the period. Emerald Advisers LLC grew its position in shares of LendingTree by 4.8% in the first quarter. Emerald Advisers LLC now owns 378,563 shares of the financial services provider’s stock valued at $19,030,000 after purchasing an additional 17,343 shares during the period. Finally, CWM LLC increased its stake in LendingTree by 497.6% in the first quarter. CWM LLC now owns 4,775 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 3,976 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Stock Down 0.3%

LendingTree stock opened at $64.00 on Thursday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $871.68 million, a price-to-earnings ratio of -15.76 and a beta of 1.71. LendingTree has a fifty-two week low of $33.50 and a fifty-two week high of $77.35. The stock’s fifty day moving average is $65.89 and its two-hundred day moving average is $51.04.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.47. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.The business had revenue of $307.80 million during the quarter, compared to the consensus estimate of $278.36 million. During the same quarter in the previous year, the company posted $0.80 EPS. The business’s revenue was up 18.0% on a year-over-year basis. LendingTree has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that LendingTree will post 0.48 EPS for the current fiscal year.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.